Agreement

Facing a looming June 1 deadline to reach agreements with the bondholders and union, General Motors may have failed to come to terms with the former, but it has reportedly arrived at a tentative concessions agreement with latter. The deal puts the United Auto Workers' trust fund in charge of future ...

BMW, the Munich-based German automaker, is reportedly in discussion with other automakers -- rivals in some cases -- to sell their engines and transmissions. Klaus Draeger, BMW's head of development, told Auto Motor und Sport that the automaker is in advanced talks with Mercedes-Benz about ...

The UAW is walking a few tightropes right now, and it can't afford to fall off of any of them. In talks with bankrupt auto supplier Delphi Corp. and its private equity partners, at stake for the UAW is coming to an agreement that benefits both sides, but one that does not put the UAW at a ...